Replicating Microfinance in the United States"With the publication of this volume, knowledge and understanding of the practices of delivering micro-credit reach a new level of consolidation, and the stage is set for important further steps."—from the Foreword by Richard P. Taub, University of Chicago Microfinance was pioneered in the developing world as the lending of small amounts of money to entrepreneurs who lacked the kinds of credentials and collateral demanded by banks. Similar practices spread from the developing to the developed world, reversing the usual direction of innovation, and today several hundred microfinance institutions are operating in the United States. Replicating Microfinace in the United States reviews experiences in both developing and industrialized countries and extends the applications of microlending beyond enterprise to consumer finance, housing finance, and community development finance, concentrating especially on previously underserved households and their communities. Contributors include Nitin Bhatt, Robert M. Buckley, Bruce Ferguson, Elinor Haider, Chi-kan Richard Hung, Sally R. Merrill, Jonathan Morduch, Gary Painter, Sohini Sarkar, Mark Schreiner, Lisa Servon, Ayse Can Talen, Shui-Yan Tang, Kenneth Temkin, Andres Vinelli, J. D. Von Pischke and Marc A. Weiss. Replicating Microfinance in the United States is based on papers commissioned by the Fannie Mae Foundation and findings from an October 2001 conference jointly held by the Fannie Mae Foundation and Woodrow Wilson International Center for Scholars in Washington, D.C. |
من داخل الكتاب
النتائج 1-5 من 92
The early successes of these programs have prompted the development of similar programs in both developing and industrial countries. In the United States, beginning in the late 1980s, similar programs have been adopted and adapted to ...
Innovations in development institutions usually ×ow from the North to the South, that is, from industrial countries to developing countries. Microcredit programs represent a rare example of countries in the North learning from the South ...
The informal economy of a developing country is likely to constitute a proportionally larger segment of its whole economy than that of an industrial country such as the United States. Higher population density in these developing ...
All these factors signiμcantly add to the transaction costs of starting a business in an industrial economy such as the United State—above and beyond those costs microcredit borrowers everywhere incur in participating in a peer-group ...
Adding training is a signiμcant adaptation of the peer-group lending methodology to an industrial economy like the United States. The question remains whether business training is sufμcient to enhance the success of these U.S. ...